Up-Front Payment and Advanced Fee Fraud
Business Loans Scotland is aware of an Advanced Fee Fraud using our name or initials “BLS”. This Fraud induces individuals into believing they are applying for a fast loan but before an individual receives the loan they are told they must pay an upfront fee. Once the fee is paid, the victim does not hear from the company again and the loan is never received.
Business Loans Scotland does not ask a Borrower for any fees up-front and any promise of this type of loan requiring an up-front fee is a CON.
If a fraud has been committed, please report it immediately to the Police.
Business Loans Scotland builds on the previous successful loan funds, the West of Scotland Loan Fund (WSLF), the East of Scotland Investment Fund (ESIF) and the South of Scotland Loan Scheme.
With significant input of funds from our Local Authority Members and the European Regional Development Fund, Business Loans Scotland will be able to substantially increase the supply of loan capital to new and existing, small and medium sized businesses across Scotland. This innovative public-private partnership fund aims to help accelerate the growth of businesses in Scotland, complementing other private and public sector forms of funding, creating valuable increase in SMEs.
Current Board Members:
Tony Buchanan - East Renfrewshire Council
John Cowe - Moray Council
Douglas Duff - Falkirk Council
Allan Gow - Glasgow City Council
Allan Graham - North Lanarkshire Council
Sharon Hodgson - East Ayrshire Council
Allan Maguire - Highland Council
Lynne Short - Dundee City Council
George Sneddon - Fife Council